LONDON: AdvancedAdvT Limited (LSE: ADVT), an international software solutions provider for business, compliance, and human capital management, reported significant revenue and profit growth in its year-end results for the 12 months ending Feb. 28, 2025.
The company posted revenue of £43.3 million ($54.8 million), up from £21.1 million in the prior eight-month period ending Feb. 29, 2024. Recurring revenue rose to £34.8 million, accounting for 80.3% of total revenue, compared with £16.3 million (77%) in the previous period.
Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) reached £11.3 million, exceeding management expectations and marking a sharp increase from £4.4 million in the prior period. Pre-tax profit from continuing operations doubled to £11.3 million, while basic earnings per share rose to 8 pence from 5 pence.
The company ended the fiscal year with £109.5 million in cash and cash equivalents, including an £88.5 million cash balance and a £21 million investment stake in M&C Saatchi plc.
Growth and Acquisitions
AdvancedAdvT achieved pro forma organic revenue growth of 17.8% and a 90% increase in adjusted EBITDA, driven by operational improvements and multiyear contract renewals.
During the period, the company acquired Celaton Limited, an intelligent process automation platform, for £4.8 million in July 2024. Post-period, it expanded its portfolio with two additional acquisitions:
- HFX Limited, a workforce management SaaS provider, for £5.3 million in May 2025.
- GOSS Technology Limited, a digital platform for public sector transformation, for £7.1 million in May 2025.
Vin Murria, executive chairperson of AdvancedAdvT, credited the growth to operational focus and customer demand for digital transformation.
“We are seeing strong revenue and EBITDA growth, supported by multiyear contracts and customer adoption of our SaaS and cloud solutions,” Murria said. “With our recent acquisitions and £109.5 million in available capital, we are well-positioned to pursue further organic and acquisitive growth, particularly in AI and automation.”
The company also refreshed its go-to-market strategy following investments in SaaS and cloud-based offerings.
AdvancedAdvT Limited trades on the London Stock Exchange under the ticker ADVT.